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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Jenna who started this subject10/24/2000 10:17:26 PM
From: Blue Voodoo  Read Replies (1) of 120523
 
Want a long tech? current PE=10, next year PE=6?
Time to buy KEM again.

Compare KEM to AVX: extremely similar prospects, same business, same growth rates going forward, but KEM PE=10.7 and AVX PE=12.7. A 20% upside for KEM just for parity.

Also, AVX sold way off on its earnings announcement, then rose 30% in the 10 days following. KEM continues to follow AVX's pattern.

KEM's forward looking PR is ALWAYS extremely conservative. That implies 10% growth for the remainder of the fiscal year is a rock bottom minimum.
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